Tiffany & Co loses some of its sparkle

Tiffany & Co loses some of its sparkle View Gallery
Tiffany & Co has seen its sales dip by 7.4 per cent in recent months

Luxury jewellery retailer Tiffany & Co has reported its biggest dip in net sales since 2009. The company’s net sales dropped 7.4 per cent to $891.3 million for the three months to the end of April.

“As expected, this was a difficult quarter in terms of both sales and earnings growth. We faced numerous challenges, including continued pressure from foreign tourist spending in Europe, the US and Asia, particularly in Hong Kong.”

Frederic Cumenal, chief executive, Tiffany...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post